Retirement plan

LEBANON INTERNAL MEDICINE ASSOCIATES PROFIT SHARING PLAN

Name: LEBANON INTERNAL MEDICINE ASSOCIATES - LEBANON INTERNAL MEDICINE ASSOCIATES PROFIT SHARING PLAN (2024) Form 5500
Creator: LEBANON INTERNAL MEDICINE ASSOCIATES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LEBANON INTERNAL MEDICINE ASSOCIATES PROFIT SHARING PLAN, LEBANON INTERNAL MEDICINE ASSOCIATES

LEBANON INTERNAL MEDICINE ASSOCIATESEIN 23-1899529Plan #333PY 2024

755 NORMAN DRIVE - LEBANON, PA 17042717-273-6706limaonline.netLinkedIn51-200 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$25.9M

+10.7% from 2023

Total participants

111

+5.7% from 2023

Average account balance

$235,744

+5.6% from 2023

Annual return

11.34%

+0.93 pp from 2023

Benchmarks

See 21,729 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,729 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$25.98M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$236K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

110

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

120.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$581K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+9.84%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$29955

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$935K

$10628 / participant

Other / not subdivided$935K100.0%

% of EOY assets

3.607%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$235,744

$81,276+190.1%

$155,574+51.5%

$80,925+191.3%

Participation rate

98.9%

66.2%+32.6pp

78.2%+20.7pp

67.7%+31.2pp

Annual return

11.34%

33.36%-22.0pp

64.87%-53.5pp

35.65%-24.3pp

Employer contribution / active EE

$2,148

$3,103-30.8%

$4,676-54.1%

$2,756-22.1%

Participant deferral / active EE

$4,537

$3,453+31.4%

$5,629-19.4%

$4,299+5.6%

Admin fee / account holder

$8,502

$7,993+6.4%

$15,914-46.6%

$6,940+22.5%

LEBANON INTERNAL MEDICINE ASSOCIATES PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LEBANON INTERNAL MEDICINE ASSOCIATES PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion